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A Caterpillar unit plans to build a distribution facility in Clayton, Ohio -- a move that could bring 500 jobs to the area. The company's plan will be considered this week at an Ohio Tax Credit Authority meeting. Caterpillar has requested state credits to help offset the cost of the project, which has already received a $700,000 grant.

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About 20% of businesses surveyed have decided to forgo holiday parties this year as they continue to weather the economic downturn. But, Walker Manufacturing will hold its yearly part, albeit with a smaller budget and less upscale menu.

Some companies could soon face a chronic shortage of qualified leaders. To ride out the talent war, it's essential that current business leaders focus on training viable successors from within their companies, writes Rita McGrath. "Training, promotion and development will be key to winning," she writes. "Not having the right leaders will be a crippling disadvantage when the economy turns up."

Small-engine manufacturers, who say raising the ethanol content in gasoline to 15% could lead to safety problems and consumer confusion, welcome the Environmental Protection Agency's decision to delay action pending further studies on the higher blend's effect on engines. OPEI says it is "deeply concerned" about the issue and says it would be "a daunting task" to educate outdoor power equipment users to prevent possible dangerous misfueling.

Deere & Co. President and CEO Samuel Allen received annual compensation of $4.28 million for fiscal 2009. Allen, who has worked for Deere for 34 years, took the company's top post in August and will become chairman of the company in February. Allen's base pay was less than $800,000. The majority of his compensation consisted of non-equity incentives, stock and options.